morning doing thanks very challenging Thanks, that our and finds I be to And hope KRG vendors. for continues and this for all has this everyone, everyone; appreciates customers The today. good you investors, time including family Bryan. very And us well. been joining to tenants, call and
our our quarter would be impact understand we challenging it working that the KRG. disservice discussing are that be truly to We diligently first the fully But topic, medical call to will responders on COVID-XX the bravery open We're community, period. focus on results. for team hard who of stay grateful and solid its earnings operating our primary our expect at and of and work ignore those this through this believe first retailers, to in and the and a employees before
to Prior over on renewals XX of basis quarter, execution feet. onset a cash XXX,XXX KRG In with The last GAAP comparable established the leases Project and year to spreads and poised comprising leases of new and on first XX% we the was executed successful of momentum generated build the Focus. respectively. we pandemic, the the square XX%
NOI last was budget Our grew our the and had on call. property same basis our points, growth above trajectory consistent discussed internal XX we with which
to same note debt NOI have COVID been growth However, a related it's bad but reserve, that, for property important X.X%. our would
KRG's I'd out Finally, of hard like work to results over which team the to testament and point is is the a $XX, ABR Project our Focus. of the
impacts the Turning of to the pandemic.
desire First been having engagement safety calm to challenge to credit on have a the one of and we is of and relied sector their the ability technology management the to plan past company this teams on a was and There employees and customers. our at sense in our planning. the confidence investment the our of of generally most crisis. every to COVID level navigate and in to which the to of risk our sincere handle in focused our employees transition foremost, level organization. working business and remotely, Thankfully, impressed we swiftly experienced help with I've so of continuity our most We
critical into either open know We used is for here news team at our their assured, our financial great and and customers. dislocation of approximately XXX% rolling The That and rest some how been at all and tenants digging is everything we April, overlooked operating can to in open the that senior doing stakeholders. centers the for our of critical during firms moments doing a stakeholders, we capacity. details. our business that we're at are our our all at is the were XX% estate Details of the includes of entire these or up and Many certain real other crisis. of our and sleeves we making leaders handle various can through nothing KRG good two for to that tenants most least are have and are
tenants creative able a to of our a ways, in common multitude they On needs customers sense are safe and efficient ensure the manner. ground, to meet their assisting of and we're open in the
As ramping yet for reopens. assist the are up rely heavily to back reopen, world tenants way every playbook that we're our the them to to going on in as and
we've valuing years been linings of these the our the The One unprecedented all the crisis the of of on side this the of have communication built of silver we've cooperation. that of our is conversations acknowledging relationships been for tenants. built and over both vast having the to sides other level majority is, with that crisis constructive bridge
principle on as a By have continue sector to that and we any conversations handful the virtuous we collect expect rents, our able to to fundamental updated of we of operates XX% were retail understandably difficult, rents number focusing to due been A the cycle. the relationships, April and not grow. have this
the turn economy, lost in tenants stay Our obligations, tenants This ability including rental potentially and of If operating. they the we obligations. mitigate mom-and-pop help smaller is real of tenants, the are tenants, will sales the recover revenues. generate abiding taxes our these important economy by businesses to estate part, backbone the recovery small directly open and who most help can for The the vulnerable to correlated strengthen sales very most our pay can U.S. impact tax our collectively lost well-capitalized well-capitalized will our sales. help of and
critical situation for services, We that run, taxes frontline including sales our it's workers all parties a this remember, estate in the real have to crisis. win-win tax long the and In help COVID involved. the fund community
as survive. under intend week. and Business make low robust we our April It's portfolio, to disruption. ability a response need help interest the smaller first loan early the created KRG manage For why we On to to announced to small work, businesses loans this this all tenant apply for we has virtuous to as XXth, program for in Program. cycle tenant business Small any The next KRG our been the them this Lending
state the of our complete and in has KRG current The profile. sheets Business best possible sector. redevelopments, has the to made sheet the factoring one of KRG balance Small required capital When Lending balance by in Program liquidity
XXXX only we'll debt have of spend Street summer. $X.X maturing million that We on this and until development finish remaining no our Eddy X
we last redevelopment. As think we was right it of significant completed amount to begin Project Focus a year, time the
think While that crisis, be was approach a we choppy. going couldn't left liquidity. we possibly has This predicted did have ample bit XXXX us with to conservative this
side million on this have storm, capital cash we of on we of million look XXst, hand, $XXX our with We believe of enough line not credit. only to but March $XXX of dislocation. weather the on only to have $XXX opportunities temporary million As drawn for other the
safety to in ensuring only we the things and point impacted the some well-being has which can are wanted side are our what out the those employees, been well. Company Not the we but serve. we I doing in doing the of on communities as of human for we
workers, Our food made engaged multiple to initiative been donations furloughed of hospitals, the Kite has families organizations delivered shopping Cares for in are of live drive supporting are we virtuous quarantined individuals first midst centers, in on a various our fronts. meals to a responders to the needs. provide supplied Like the We've and to communities hunger cycle. families in and local week-long
conduct that uncertain of incredibly Furthermore, in it's in to are we a dynamic facing ourselves country And the our with crisis. around strengthening we'll saying years to are respecting, relationships. At mind, will supporting confident all world. that relationships Our will KRG, create we're committed of robust come. valuing, few that fond we we that way new is last and existing
is very strong durable of of people who balance a and a fair made company, KRG resilient sheet. but tough created assets have a portfolio up
won't given look discussing the We Thanks the XXXX. the everyone as of and a we we this emerge will to to today. from individual any as May, team current call June situation related joining persevere for for tenants or rest flourish be guidance crisis. And
we remarks ready concludes again, for joining. our questions. thank this that, operator, you with And prepared and for And
